EGRAG is a leading crypto analyst who has identified VeChain’s trajectory towards reaching $1.6 valuation. They have envisioned a 3-step process.
VET’s price The price has been a constant $0.047 over the last few weeks with little variation. It follows a 75% increase to $0.05476 over the past thirty days.
Crypto analyst EGRAG believes that VeChain will continue to grow.
EGRAG recently updated its X asset and highlighted the three main channels that affect VET’s price. It also highlighted potential reactions of this asset if these key thresholds are reached.
Analysts marked VET zones with yellow, blue and green bullish colours.
#VET YBG – Yellow-Blue-Green: 🟡🔵🟢
Yellow Channel #BULLS Close the Yellow Channel. If they are successful, #VET Blue Channel is likely to be the most popular.
Blue Channel: closing within Blue Channel, and maintaining the Blue channel is #Bullish, while getting… pic.twitter.com/xuROvW543x
— EGRAG CRYPTO (@egragcrypto) March 14, 2024
VeChain First –Alliance 39% to $0.23
EGRAG has noted specifically that VET (priced at $0.04683) is located in the yellow zone, where VeChain Bulls and Bears are battling to close above channel.
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According to the chart below, VET will trade at around $0.09 if you close your position above that zone.
The analyst also stated that VET prices will reach around $0.23 if VeChain’s bulls make this move. Notably, a $0.23 market value from VeChain’s prevailing market value of $0.04683 requires a significant 391% rally.
The analyst also acknowledged that VET could be rejected and then retested in the $0.09 range. EGRAG, however, regarded this outcome as possible. extremely bullish.
He envisions an incredibly successful bullish comeback that will catapult VET You can now buy a $1 coin.
VET path to $1.6
VeChain investors should also be on the lookout for VET’s entry into the channel and its subsequent closing within the channel or above it, with a price range of $1 to $1.6, as these are targets that can lead to profit. These targets are expected to be achieved during this bull market.
For VET to achieve a $1.6 value, the asset must be worth at least that amount. must rally by 3,316% From its current market price of $0.046. If you consider that the highest price for this asset was $0.2782, then it will be a brand new record.
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